Kerala CM writes to PM for permission to raise funds

Pinarayi Vijayan
Pinarayi Vijayan, File Photo

Thiruvananthapuram, April 9 (IANS) Kerala Chief Minister Pinarayi Vijayan on Thursday wrote to Prime Minister Narendra Modi urging him to allow states to raise funds as the financial condition of all states has reached a difficult position due to diversion of funds to fight Covid-19.

“I have sought his permission to source funds from the open market. I have sought to float ‘special pandemic government funds’. I Want to increase the borrowing of our state from three to five per cent. We have asked him to see that when states take funds from external sources, it should not be included in the states’ borrowings limits,” said Vijayan while speaking to media.

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